M/S Ashu Noodles Enterprises v. Allahabad Bank through its Chairman
Case brief
What is this about?
The High Court rejected a writ application challenging action under the SARFAESI Act, 2002. The court held the petitioner has an efficacious remedy under Section 17 before the Debts Recovery Tribunal and directed the petitioner to file an appeal within 30 days.
What did the court decide?
The eviction/appeal against Section 13(4) action was not entertained; the writ application was disposed of with liberty to prefer an application under Section 17 of the SARFAESI Act within 30 days.